(The new size)
NEW YORK (Reuters)-women's clothing companyUrban Brands Inc., the parent Ashley Stewart, the chain of Chapter 11 bankruptcy protection filedfor u.s. Court early onTuesday, direct losses after three years.
Ashley Stewart, the size of which shall be fixed plus-urban women hasabout 210 stocks, including New York and Los Angeles Its flagship store is located. 125th Street, Harlem, NewYork in cities.
Ashley Stewart brand strength, despite the theclothing company began to financial distress than in 2008, according to the Court of Justice conditionsworsened papers.
The company intends to continue the functioning of the internal market, and it became a new called stalking anagreement with AshleyStewart LLC, which has offered to buy assets horse offer.
Stalking horse offer layer campaigns, all others are equal to or greater than againstwhich.
In the meantime, the Urban Brands has continued according to the rules of procedure of the Court solicitother offers, documents.
Urban Brands euro million dollars loss posted 2009 andsales fell 174.6 million dollar 179.6 million $ yearbefore.
Clothing company, which markets the urban American women, Hispanic andAfrican debt around 81.3 million euro with the Trimaran enteringa Note purchase Fund II LLC in 2004 and the five other debt agreements after then.
Plus-size African American women ranked Ashley Stewartchain their No. 3 favorite place a2009 industry according to the study, according to the motion of the research company clothing NPD Group.
The bankruptcy filing, the Urban Brands estimated funds category range $ 10 to 50 million dollars in assets and liabilities at 100 to 500 million dollars.
The company's representative is not immediately available to provide additional information in the event of the bankruptcy of the application.
Case is in re: Urban Brands Inc., case No. 10-13005, the United States Bankruptcy Court, District of Delaware.(Chelsea Emery and Santosh Nadgir; byDerek Caney editing)
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